Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

v3.23.3
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Sep. 30, 2023
Dec. 31, 2022
Current assets    
Cash $ 4,124,569 $ 8,578,997
Accounts receivable, net 25,734 30,322
Inventory 267,214 215,493
Prepaid expenses 297,639 200,905
Other current assets 2,675 0
Total current assets 4,717,831 9,025,717
Operating lease right-of-use assets, net 295,993 0
Intellectual technology, net 2,569,795 2,858,893
Other assets 43,163 27,427
Total Assets 7,626,782 11,912,037
Current liabilities    
Accounts payable 249,019 142,965
Accrued expenses 405,453 392,282
Accrued interest payable 94,858 469,691
Related party payables 0 1,887
Operating lease liabilities, current portion 93,775 0
Notes payable - related parties, net 11,810 866,262
Notes payable - non-related parties, net 175,695 948,597
Total current liabilities 1,030,610 2,821,684
Operating lease liabilities - less current portion 229,204 0
Notes payable - non-related parties, net - less current portion 2,160,855 0
Accrued interest payable 91,082 0
Total Liabilities 3,511,751 2,821,684
Stockholders' Equity    
Preferred stock, value 0 0
Common stock, $0.00001 par value; 100,000,000 shares authorized, 18,544,570 and 16,984,570 shares issued and outstanding at September 30, 2023 and December 31, 2022, respectively 185 170
Treasury stock, at cost; 12,329 shares at September 30, 2023 and December 31, 2022 (38,015) (38,015)
Additional paid-in capital 89,430,821 87,509,666
Accumulated deficit (85,224,294) (78,327,845)
Total SOBR Safe, Inc. stockholders' equity 4,168,697 9,144,006
Noncontrolling interest (53,666) (53,653)
Total Stockholders' Equity 4,115,031 9,090,353
Total Liabilities and Stockholders' Equity 7,626,782 11,912,037
Series A Convertible Preferred Stock [Member]    
Stockholders' Equity    
Preferred stock, value 0 0
Series A-1 Convertible Preferred stock [Member]    
Stockholders' Equity    
Preferred stock, value 0 0
Series B Convertible Preferred Stock [Member]    
Stockholders' Equity    
Preferred stock, value $ 0 $ 30